High jump drills

NEW YORK: Oil prices jumped on Friday (Apr 8) to cap a week of gains, helped by more indicators of slowing US output and hopes for an output freeze at the coming producers' gathering in Doha.New York benchmark WTI for delivery in May gained 6.6 per cent to US$39.72 a barrel. In London Brent North Sea crude for June surged 6.4 per cent to US$41.94 a barrel.Both contracts were up eight percent or more for the week, with falling US stockpiles and weaker output helping sentiment.On Friday the picture of a prolonged slowdown in North American oil production was boosted by another fall in the number of active drilling rigs in the United States and Canada.Total US rigs fell by eight last week to a multi-decade low of 354, according to the Baker Hughes weekly tally, compared to 760 a year ago.Earlier in the week the US government reported another decline in domestic crude output to barely above nine million barrels a day after peaking at about 9.7 million barrels a day a year ago.In addition, … [Read more...] about Oil prices jump on signs of US cutbacks, Doha hopes

Vietnamese shares continued to rise on September 27, driven by large-cap stocks while investor confidence in local companies was bolstered by good prospects of higher quarterly performances. The benchmark VN Index on the HCM Stock Exchange added 1.2 percent to close at the fresh eight-year high of 684.89 points. The southern market index has rallied 5.2 percent in the last seven sessions. The HNX Index on the smaller Hanoi Stock Exchange rebounded 0.5 percent from Monday’s fall to finish at 83.48 points. “Large-cap stocks remained the major force that pushed the market up,” Bao Viet Securities Corp (BVSC) wrote in its daily report. Two-thirds of the 30 largest listed firms by market capitalisation and trading liquidity advanced, while there were seven decliners. The 20 advancing stocks included six of the top 10 companies on the stock market, such as insurer Bao Viet Holdings (BVH), real estate firm Vingroup JSC (VIC), Vietcombank (VCB), Vietinbank (CTG) and the Bank … [Read more...] about Vietnam’s stocks hit eight-year high

Viet Nam’s stock market will enjoy a one-week break starting today until February 2, so that investors can enjoy the traditional Tet holiday with their families.The benchmark VN Index closed at 697.28 points, up 0.9 per cent from Tuesday. The southern market has increased by total 2.2 per cent in the last four days.The HNX Index on the Ha Noi Stock Exchange also rose 0.9 per cent to finish at 84.46 points, lifting its gain of total 1.7 per cent for a second day.High investor confidence had a positive effect on most stock market sectors, with 17 out of 20 improving, according to vietstock.vn.The energy, property and construction industries showed the best growth in yesterday’s session.Those sectors were attractive to investors on expectations that the companies will release positive earnings reports for the last quarter and the whole year of 2016.In the energy sector, PetroVietnam Gas Corp (GAS) grew 0.2 per cent, while PetroVietnam Coating Corp (PVB), PetroVietnam Drilling … [Read more...] about VN Index at 9-year high before Tết

The benchmark VN Index on the HCM Stock Exchange added 1.2 per cent to close at the fresh eight-year high of 684.89 points. The southern market index has rallied 5.2 per cent in the last seven sessions.The HNX Index on the smaller Ha Noi Stock Exchange rebounded 0.5 per cent from Monday's fall to finish at 83.48 points."Large-cap stocks remained the major force that pushed the market up yesterday," Bao Viet Securities Corp (BVSC) wrote in its daily report.Two-thirds of the 30 largest listed firms by market capitalisation and trading liquidity advanced, while there were seven decliners.The 20 advancing stocks included six of the top 10 companies on the stock market, such as insurer Bao Viet Holdings (BVH), real estate firm Vingroup JSC (VIC), Vietcombank (VCB), Vietinbank (CTG) and the Bank for Investment and Development of Viet Nam (BID).BVH jumped 3.5 per cent, VIC rose 2.8 per cent, VCB was up 2.7 per cent, CTG increased by 1.5 per cent and BID surged 5.3 per cent.Local energy firms, … [Read more...] about VN stocks strike eight-year high

The HCM Stock Exchange's index struggled to gain 0.4 per cent to end at the new ten-year high of 677.04 points. The southern market index increased by 4 per cent in the last five days.On the small bourse, the HNX Index of the Ha Noi Stock Exchange retreated 0.3 per cent from last week's five-day rally of 1.2 per cent to finish at 83.11 points."The market was saved by strong purchasing in the late trading period of the session after struggling in the negative territory during the whole day," Sai Gon-Ha Noi Securities Corp (SHS) wrote in its daily report."The market's late recovery was largely attributed to the gains in blue chip stocks, such as insurer Bao Viet Holdings (BVH), dairy company Vinamilk (VNM), real estate firm Vingroup JSC (VIC) and Vietcombank (VCB)."Those stocks were pulled down by profit taking in the morning session before managing to extend their gains from Friday's closing prices.BVH jumped 4 per cent to surged more than 16 per cent in the last six days, VIC was up … [Read more...] about Viet Nam Index at ten-year high

HA NOI (Biz Hub) – Vietnamese shares ended mixed in the early session, while insurance and brokerage firms helped to lift the markets.The benchmark VN Index on the HCM Stock Exchange rose 0.3 per cent to close at 675.24 points.The HNX Index on the Ha Noi Stock Exchange slid 0.5 per cent to reach 86.63 points.Insurance companies were the largest gainers in the early session. Bao Viet Holdings (BVH) jumped 3.1 per cent, BIDV Insurance Corp (BIC) surged 5.5 per cent and Bao Minh Insurance Corp (BMI) added 1.4 per cent.Brokerage firms such as Sai Gon Securities Inc (SSI), FIT Investment JSC (FIT) and BIDV Securities Inc (BSI) made gains. They increased between 1.3 per cent and 3.2 per cent.Viet Nam Dairy Products JSC (VNM) gained two per cent to hit a new high at VND153,000 per share in the early session.However, energy stocks weighed on the markets.PetroVietnam Gas Corp (GAS) fell 1.5 per cent, and PetroVietnam Drilling and Well Service Corp (PVD) dropped 1.4 per cent.Banks remained … [Read more...] about Markets close mixed, while VNM reaches new high

The benchmark VN Index on the HCM Stock Exchange inched up 0.1 per cent to close at 568.33 points.The HNX Index on the Ha Noi Stock Exchange added 0.3 per cent to end at 79.59 points.Local energy stocks continued their positive trend as oil surged during Wednesday's trading session, after US inventories dropped from their eight-decade high. US crude jumped 5.2 per cent to close trading at US$37.75 per barrel.PetroVietnam Gas Corp (GAS) rose 1.6 per cent, PetroVietnam Technical Service Corp (PVS) gained 1.9 per cent and PetroVietnam Mud Drilling Corp (PVC) increased by 2.9 per cent.High foreign purchases helped boost Sài Gin Securities Inc (SSI), which edged up 0.5 per cent and lifted the brokerage sector.Dairy firm Vinamilk (VNM) advanced 0.7 per cent on expectations of higher foreign ownership in the company's capital.In contrast, Vietcombank (VCB) fell 1.2 per cent and dragged the banking sector down as investors tried to seek profits from the stock's two-day gain of 2.7 per … [Read more...] about VN stocks rise further as oil price jumps

Bluechips led the market rally yesterday as two-thirds of the top 30 sharesin terms of market value and liquidity gained value, including Bao VietHoldings (BVH), Hoang Anh Gia Lai Co (HAG), Saigon Securities Inc(SSI), PetroVietnam Drilling and Wells Service Corp (PVD) and dairygiant Vinamilk (VNM).VNM led the gainers with a rise of 4.6 percent to finish the session at 103,000 VND (4.81 USD) per share.Outsidethe VN30, PV Gas (GAS) hit the ceiling price of 74,000 VND (3.46 USD)following the news that the company would buy back 10 million shares inthis quarter at the maximum price of 100,000 VND a share.Theoverall market condition was positive as advancers overwhelmed declinersby 110-61 and the other 82 codes closed flat. The VN30, which tracksthe top 30 shares here, climbed 1.9 percent to end at 618.41 points.Stablemoney inflow throughout the session was one of the biggest marketsupports. Both market volume and value jumped 40 percent compared withthe previous session, totaling 107.5 … [Read more...] about VN-Index soars to 8-month high

Investors watch stock fluctuations (Photo: VNA)Hanoi (VNA) – Vietnamese shares rose higher on July 4 as investor confidence was bolstered by higher oil prices and expectations for better corporate earnings in the past three months. The benchmark VN Index on the HCM Stock Exchange advanced 1.2 percent to finish at 647.96 points, reaching a new eight-year high. The southern market index has jumped 4.4 percent in the last six sessions.The HNX Index on the Hanoi Stock Exchange went up 0.8 percent to close at 85.81 points, totaling a two-day gain of 1.3 percent. The northern market index has increased by 2.7 percent in five trading days.The energy sector was lifted as crude prices rose for a second day on global exchanges. London-traded Brent crude edged up 0.5 percent to trade at 50.62 USD a barrel, making a two-day gain of 1.9 percent.US crude West Texas Intermediate (WTI) added 0.4 percent to trade at 49.20 USD a barrel. US crude has increased by 1.8 percent in the last two … [Read more...] about VN Index reaches eight-year high